CCSC Technology International Holdings, a Hong Kong-based provider of electronic interconnect products, raised $6 million by offering 1.4 million shares at $4, the low end of the range of $4 to $6. The company offered 0.1 million more shares than anticipated.
At pricing, the company has a market cap of less than $50 million, so CCSC Technology International will be excluded from Renaissance Capital's 2024 IPO stats.
Through its operating subsidiaries in Hong Kong, mainland China, and the Netherlands, CCSC Technology designs, manufactures, and sells interconnect products, including connectors, cables, and wire harnesses. It specializes in customized interconnect products for a range of applications in industrial, automotive, and robotics products, among others. The company produces both OEM and ODM interconnect products for manufacturing companies and electronic manufacturing services companies. CCSC Technology's customers span more than 25 countries across Asia, Europe, and the Americas, and include names like Maersk, Philips, and Flextronics.
CCSC Technology International Holdings plans to list on the Nasdaq under the symbol CCTG. Revere Securities acted as sole bookrunner on the deal.
